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Okechukwu Nnodim and Dayo Adenubi
Published 2 June 2021
Published 2 June 2021
The international oil price, Brent crude, rose above the $70 per barrel mark on Tuesday, with the Organization of the Petroleum Exporting Countries projecting that demand for the commodity is bound to improve.
Brent, against which Nigeria’s oil is priced, increased by $1.38 to $70.70 per barrel as of 4.32pm Nigerian time on Tuesday while the United States West Texas Intermediate traded at $67.68, gaining $1.36.
Bloomberg had earlier reported on Tuesday that futures in London rose as much as 1.4 per cent after posting a second straight monthly gain.
Reacting to developments in the oil sector at its 17th OPEC and non-OPEC Ministerial Meeting that was concluded on Tuesday, the organisation pointed out that demand for crude oil would improve.
FG opens bid for concession of 12 roads - Punch Newspapers
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Red Cross blames overloading, Buhari mourns as 150 drown in Kebbi
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ASUU alleges bribe-for-salaries in AGF office, massive IPPIS fraud
Okechukwu Nnodim, Grace Edema and Deborah Tolu-Kolawole
Published 26 May 2021
Okechukwu Nnodim, Grace Edema and Deborah Tolu-Kolawole
Published 26 May 2021
The Federal Government and the Academic Staff Union of Universities have again clashed over the Integrated Personnel and Payroll Information System with government saying the payment platform is inevitable.
The President of ASUU, Mr Biodun Ogunyemi, in an interview with
The PUNCH, alleged that the IPPIS was fraught with corruption, adding that some officials in the Office of the Accountant General of the Federation were involved in what he called “bribe-for-salaries.”
Ogunyemi was reacting to a statement by the Director of Press of the Ministry of Education, Ben Goong, who told one of our correspondents that ASUU could not avoid the IPPIS.
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Okechukwu Nnodim, Abuja
Published 25 May 2021
The Nigerian National Petroleum Corporation is not halting the subsidy on Premium Motor Spirit, popularly called petrol, despite the recent recommendation of the Nigeria Governors’ Forum that the subsidy regime by stopped immediately.
Rather, the oil firm is awaiting the outcome of today’s (Tuesday) meeting between the Federal Government and the organised labour as touching the cost of petrol and whether to discontinue subsidising the commodity.
NNPC is the sole importer of petrol into Nigeria and has maintained this position for more than three years, as it also subsidises the cost of the commodity despite being humongous.